Media tycoon Rupert Murdoch to step down

Global Business

Rupert Murdoch’s involvement at 21st Century Fox may be coming to an end. People familiar with the media operation say Murdoch is prepared to hand over the reins to his sons. It’s believed that James Murdoch will become chief executive.

Media tycoon Rupert Murdoch to step down

Rupert Murdoch's involvement at 21st Century Fox may be coming to an end. People familiar with the media operation say Murdoch is prepared to hand over the reins to his sons. It's believed that James Murdoch will become chief executive.

CCTV’s Shraysi Tandon filed this report.

More details:

  • James Murdoch previously served as CEO of the British news outlet Sky. He was also in charge of News Corp’s Asian assets during the late 1990s.
  • James Murdoch’s younger brother, Lachlan, is expected to be a co-executive chair. Rupert Murdoch is expected to keep his title as executive chairman.
  • No official word on when this plan may go into effect, but it is expected to be a major agenda item at the company’s upcoming board meeting.

Eric Schiffer on Murdoch stepping down

For More on Murdoch stepping down, Eric Schiffer, Chairman and CEO of Patriarch Equity, joined CCTV America to discuss.

Eric Schiffer on Murdoch stepping down

For More on Murdoch stepping down, Eric Schiffer, Chairman and CEO of Patriarch Equity, joined CCTV America's Michelle Makori to discuss.